18 common questions on private medical insurance
- Why do I need Health Insurance?
- What is the Federal Gov. 30% Rebate?
- What is the Medicare Levy Surcharge?
- Can someone else manage my policy for me?
- How long will my kids be covered?
- What is a Membership Summary?
- What if I become unemployed?
- What if I live outside WA?
- What is Lifetime Health Cover?
- Can I save money by using Direct Debit?
- What are Standard Information Statements?
- What is the Medical Gap?
- State of the Health Funds Report
- What are waiting periods?
- Why isn’t there a ‘no claim’ bonus for health?
- Have you recently moved to Australia?
- Do I have to use my private health insurance in a public hospital?
- Going overseas for more than two months?
I found these questions at www.hbf.com.au/Health/Things_worth_knowing and the answers are all available on that web page.
The topic “Medicare Levy Surcharge”, has been covered by me at www.britzinoz.com/page.php?206, but for ease of reference, the current details are:
In the 2010/2011 financial year, if you earn more than $77,000 as a single or $154,000 as a family and you don’t have private hospital cover, you will incur an additional 1% Medicare Levy Surcharge.
This is in addition to the normal 1.5% Medicare Levy.
So for example if you earn $80,000 as a single and you don’t have private hospital cover, you will incur a $800 Medicare Levy Surcharge bill at tax time.
By taking out a qualifying Hospital Cover, you could avoid the 1% surcharge and save yourself or your family money.
i was wondering on the health care i would need as i suffer from depression and high cholesteral and take the following medication
i also see a psychiatrist every 3mths
can you please supply me with some information on what i may require in insurance and any others
On the medication side, some prices examples, for Permanent Residents, are:
$13.50 Lithicarb 250mg Tablets 200
$13.99 Paroxetine Sandoz 20mg Tablets 30 (Paroxetine is known by the trade names Aropax, Paxil, Seroxat, Sereupin)
$34.20 Lipitor 80mg Tablets 30 (Atoravastatin is known by trade names: Caduet, Lipitor)
With Private Insurance, many insurers exclude existing conditions for the initial period. You may need to check with a few insurers to see which has the shorter exclusion period, and which one will cover the largest percentage of specialists bills for your particular concern.
A couple of links that may be of interest: